Cross Timbers (CRT) 10% Owner Eric L. Oliver Buys Shares

What Happened
Eric L. Oliver, identified as a 10% owner, made two open-market purchases of Cross Timbers Royalty Trust (CRT) units: 13,132 units on 2026-08-11 at a weighted average price of $9.95 ($130,663) and 12,950 units on 2026-08-12 at a weighted average price of $10.08 ($130,536). Combined, he acquired 26,082 units for approximately $261,199. These were purchases (transaction code P), which investors often view as a more informative signal than sales.

Key Details

• Transaction dates and reported prices:
  • 2026-08-11: 13,132 units at $9.95 (weighted avg; range reported 9.94–9.95) — $130,663 (see F1).
  • 2026-08-12: 12,950 units at $10.08 (weighted avg; range reported 9.95–10.10) — $130,536 (see F3).
• Total acquired: 26,082 units for ~ $261,199.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Notable footnotes:
  • F2: Securities are directly held by SoftVest, LP; SoftVest GP I, LLC is the general partner and Eric L. Oliver is the managing member. As a result, Oliver may be deemed to beneficially own the SoftVest LP securities but disclaims beneficial ownership except for his pecuniary interest.
  • F1/F3: Prices reported are weighted averages; purchases occurred across multiple price points within the stated ranges. The filer offers to provide full breakdowns on request.
• Filing timeliness: Report filed 2026-08-13 for transactions on 2026-08-11 and 2026-08-12 — appears timely (no late-filing flag).

Context

• As a reported 10% owner acting through SoftVest, these purchases represent an ownership increase by an institutional/major holder rather than routine executive compensation activity. The filing does not indicate a 10b5-1 plan, option exercise, gift, or immediate resale; these were straightforward open-market acquisitions.